Life is unfair but are the markets unfair? Some disgruntled traders believe that the markets are rigged in favour of the institutions. That retail traders can never get an edge. Some believe brokers are out there to flush our stop losses and that they take the other side of our trades and then manipulate the position against us. Is this fair? Does this really happen? Do retail and private traders even stand a chance? The starting point is examining your beliefs. The late Dr. van Tharp always used to say that we don't trade the market, we trade our beliefs about the market. If you believe markets are rigged and there is nothing you can do, you are diminishing your edge. You need to examine your beliefs and decide if they are useful for your trading, or detrimental. I wrote an article on beliefs recently. Click here to read it. I highly recommend assessing your beliefs about markets. Reading the above article will help you. I recently looked at a chart of the EUR/GBP. I could clearly...

  Everywhere you go, somebody is trying to sell you a shortcut to trading riches. Buy my fail-proof eBook, download my winning trading robot, follow my five steps to success, buy my money-back guaranteed course! Follow my trade signals! Financial advice is abundant but a proven track record of trading success is rare.   I challenge you to ask anyone selling something related to trading what their audited results are. Before I come down on the entire trading industry, I admit that there is some decent content out there. You just need to wade through the quagmire of slick sales pitches and get-rich-quick schemes. I encourage you to curate the content yourself. It’s so easy to go down a rabbit hole of free online resources that before long, you can get entirely caught up and start to question your motives and original ideas. This constant need for more information to justify your beliefs or lack of courage leads to indecision and further delays your dreams and aspirat...

There is an abundance of information available for traders. Books, websites, YouTube videos, TikToks, and Instagram posts flaunting Lamborghini's—all of which predominantly focus on making money and advocating for the best trading systems. Some even showcase the luxuries that trading success can afford you. However, all this wealth of information is rendered meaningless without three essential components. In my previous post, I emphasized the necessity of attaining a higher level of consciousness in your trading endeavors before achieving consistent profitability. Read it here In this post, I aim to build upon that foundation by discussing three crucial aspects you must master to reach your "awakening":   Discipline Discipline is the cornerstone of trading success. Without it, reaching the pinnacle of trading proficiency remains an elusive goal. Adhering to your trading system demands discipline, as even a single impulsive trade can jeopardize all your progress. Incorpora...

    I think, when it comes to improved trading performance, we are all aware of how important the right mindset is. However, sometimes we are so stressed about a losing streak, or missing a trade, that we forget and slip into a weak mindset over time. Maybe this will help get you back on track.  When it comes to mindset, there are three steps required to reach self-mastery and success in the markets One.“Things happen to me”. This is the victim mindset, the lowest level of self-mastery, and usually coincides with a negative attitude or even depression. The belief that you are the victim of your circumstances. Do you ever think that the market specifically targets your stops. Or do you believe that every time you go long the market drops. This fatalist outlook is self defeating and wrong. The market doesn't care about your positions. Your beliefs that bad things happen to you or that you are an unlucky person is hurting your trading. Drop the victim mentality. Two....